https://www.taxtmi.com/acts?id=49210 Clause 212 defines a foreign exchange asset as any specified asset acquired with convertible foreign exchange and investment income as income from such assets. It treats long-term capital gains as gains from foreign exchange assets that are not short-term, defines non-resident Indian by citizenship or origin when not resident, and lists specified assets including shares, certain debentures and deposits of non-private Indian companies, and central government securities, with provision for additional notified assets. en-us Fri, 14 Feb 2025 17:44:41 +0530 Fri, 14 Feb 2025 17:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49210 Clause 212 defines a foreign exchange asset as any specified asset acquired with convertible foreign exchange and investment income as income from such assets. It treats long-term capital gains as gains from foreign exchange assets that are not short-term, defines non-resident Indian by citizenship or origin when not resident, and lists specified assets including shares, certain debentures and deposits of non-private Indian companies, and central government securities, with provision for additional notified assets. Act-Rules Bills Fri, 14 Feb 2025 17:44:41 +0530 https://www.taxtmi.com/acts?id=49210